WAGE FORMATION: TOWARDS ISOLATING SEARCH AND BARGAINING EFFECTS FROM THE MARGINAL PRODUCT
成果类型：
Article
署名作者：
Tschopp, Jeanne
署名单位：
Toronto Metropolitan University
刊物名称：
ECONOMIC JOURNAL
ISSN/ISSBN：
0013-0133
DOI：
10.1111/ecoj.12344
发表日期：
2017
页码：
1693-1729
关键词：
摘要：
This article estimates the importance of workers' outside options in wage determination. The article uses the predictions of search and bargaining theory and proposes novel identification strategies to separate the respective effects of outside options from those of unobserved productivity. Using an administrative panel database for Germany, this study exploits differences in both the employment composition across cities of Germany and mobility across jobs as sources of variation for identification. The main finding of the article is that a 10% increase in the outside options of a worker generates a 7% wage increase.